Jun 20, 2017
Todd Tresidder has an interesting question. Why do certain postal employees and teachers with ordinary incomes achieve financial freedom, while doctors and lawyers earning multiple times more income end up in bankruptcy?
The reason is more complex than most financial gurus teach.
The truth is there's no magic wealth system or program that produces reliable results despite the over-hyped claims of marketers.
Instead, the wealth building process is mundane and practical - like a series of hurdles you must jump over, without tripping up - no different than building your own business or achieving any other serious economic goal.
The hurdles are:
- Commitment so that you prioritize everything necessary to build wealth; otherwise, life will just get in the way.
- Plan based on proven principles that actually work, and it must be uniquely designed to fit your skills, resources, and interests.
- Action because nothing happens without persistent, disciplined action over sufficient time to reach the end goal.
I know that doesn't sound nearly as sexy as the "hidden secrets of the rich" sold by marketer types, but it is timeless wisdom that actually works.
People want to believe in get-rich-quick and overpriced weekend bootcamps because they promise to deliver that "secret missing ingredient" that previously held you back.
The secret is there are no secrets.